Economy

Thursday, March 22nd 2007 - 21:00 UTC
Leading banker warns of “market adjustments” in Latam

A senior international banker predicted a further shake-out in emerging markets, particularly Latinamerica, arguing that asset prices in the region, (the best performing market last year) “have run ahead of economic fundamentals in many cases” and the market needs some sort of adjustment.
Thursday, March 22nd 2007 - 21:00 UTC
Brazil's economy moves to tenth position worldwide

Brazil ranks as the world's tenth economy, ahead of South Korea, Holland and Australia, according to a GDP new calculation system announced by the government and which a majority of Brazilians economists consider more in line with reality.
Thursday, March 22nd 2007 - 21:00 UTC
Uruguay's economy expands fourth year running; 7% in 2006

Uruguay's economy expanded 7% in 2006 boosted by the communications and transport sectors according to the latest release from the country's Central Bank.
Tuesday, March 20th 2007 - 21:00 UTC
Argentina's grain crop forecasted to reach 120 million tons

Argentina could increase its annual grain production to 120 million tons by 2010 from about 90 million tons currently according to a top executive of one of the country's leading soy producers.
Tuesday, March 20th 2007 - 21:00 UTC
Mexico, Buenos Aires and Sao Paulo among world's richest cities

México, Buenos Aires and Sao Paulo are among the twenty richest cities in the world according to a report on population evolution and the economy of the main capital cities, from consultants PricewaterhouseCoopers.
Monday, March 19th 2007 - 21:00 UTC
Latinamerican remittances to reach 100 billion by 2010

In spite of United States efforts by 2010 remittances from migrants will reach 100 billion US dollars annually, a significant increase from the 62 billion of 2006 according to a report from the Interamerican Development Bank, IDB.
Monday, March 19th 2007 - 21:00 UTC
IDB calls on Latam to prepare for a slower US economy

A recession in United States does not seem likely but can't be discarded warned on Monday the InterAmerican Development Bank, IDB, emphasizing that the region's economic scenario in 2007 is closely linked to events in the world's leading economy.
Monday, March 19th 2007 - 21:00 UTC
As EU approaches half a century, mood is ambiguous

As Europe approaches its fiftieth anniversary of the block's founding Treaty of Rome, 44% of citizens think life has got worse since their country joined the club, according to the latest public opinion poll released Sunday by the Financial Times.
Monday, March 19th 2007 - 21:00 UTC
China's economy energy consumption is “unsustainable”

China in 2006 consumed 15% of the world's energy to produce 5% of the global GDP, a situation described as “unsustainable” by Deputy Prime Minister Zeng Peiyan in an interview with “China's daily”.
Monday, March 19th 2007 - 21:00 UTC
China's Yuan upward march against US dollar

China's Yuan climbed to the strongest since a fixed exchange rate was scrapped in 2005 on speculation China's central bank will seek a stronger currency to slow the economy, after raising interest rates.